REAL ESTATE FOR SALE (€ Euro 63,000)
Apartment for sale in Berlin Wilmersdorf Charlottenburg-Wilmersdorf Germany

Ref: 0000R0724


Net Yield*: 6.17% (yearly additional costs are considered)


District: Charlottenburg-Wilmersdorf


Location: Wilmersdorf


Come in and enjoy your new home… in Europe’s New York… in the cosmopolitan City of Berlin. Located in one of the wealthiest districts, this flat is a great offer. The living size of approx 56m² includes a bedroom, living and dining room, kitchen, and a bathroom with tub. One feature of this apartment is the terrace with access to a garden area. Some smaller renovation works would grade up the flat like sanding of the timber floor board. The building with its typical characteristics of German Altbau (Old Building) is in good condition. In the surrounding you find all you need… from cafés to restaurants, bars and supermarkets, S and U Bahn station etc…! Only a few minutes away you reach the shopping road Kurfürstendamm.


Specifications:

Apartment needs some smaller renovation works like painting or sanding of the timber floor board

Typical charm of Altbau (Old Building) with high ceilings, stucco, counter sash windows

Terrace and small garden area

Big light-flooded living areas

Good sized bathroom with bath tub

Flooring: Laminate in kitchen and corridor; Tiles in the bath; PVC in living areas (Timber floor board are under the PVC - in well-kept condition)

Separate storage room in the cellar

Oil-central heating

Courtyard

Building is in good condition

Excellent public transportation links

Good location in Wilmersdorf – approx 2km to the well-known Olivaer Platz and the Kurfürstendamm

Payment:


100% after signing of the notarial purchase contract. Resale property.


Wilmersdorf:


Wilmersdorf is a quiet region in the south west of the city, driving through the district you will easily realize that most of the inhabitants are well-off. More exclusive is of course the residential area Grunewald, which partly also belongs to Wilmersdorf. Characteristic for Wilmersdorf are the representative buildings in Wilhelmine style and the Grunewald forest. In the west of Wilmersdorf you can leave the inner city in order to come to the Grunewald with its recreation opportunities and natural areas. The most important women's tennis tournament, the German Open, are held in the stadium at the lake Hundekehlesee. Here, in the middle of the forest on a hill at the river Havel, the Grunewald tower (56m high) offers a spectacular view over the Havel lakes and to Potsdam. North of the Grunewald you can find the Teufelsberg hill, which was heaped up from wreckage after World War 2. Its 110 meters makes it one of the highest hills around Berlin.


Berlin:


The capital of Germany is dynamic, cosmopolitan and creative, allowing for every kind of lifestyle. East meets West in the metropolis at the heart of a changing Europe.
After experiencing a staggering drop in housing prices since the early 90s, Berlin’s property market is springing back to life. No other property market in Europe offers such undervalued property prices and a solid rental market.


Rental Potential:

The trend goes to properties which are situated in medium/good locations near the town centre.

Berlin: 88% of the habitants are renting properties - 12% are property owners.

Germany has a strong rental culture and tenants tend to live in a property for many years. Therefore, they treat rented property as if it was their own, and this works to the advantages of the owner. Property is let without furniture so tenants must provide their own. This situation might seem a good prospect for investors looking for regular income while they wait for their property to appreciate.

One Bedroom Apartment – Ground Floor – Rear Building

Rooms (Living/Dining Room and Bedroom): 2

Living Size (approx.): 56m²

Terrace: Yes

Year of Construction: 1904

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 480 € per year (no allocatable overheads)


Allocatable overheads like yearly building insurance, housekeeping etc. are going on top of the basic rent and has to be paid by the tenants: approx. 960 € per year (without heating costs)


Expected basic rent: 4,368 € per year (6.50 € per m²)


Net Yield*: 6.17% (yearly additional costs are considered)


From 63,000 €